Funding you earn now, next payment 00:00 UTC−0.0328%/8h= −36.0% APRnext payment −$3.28 per $10,000 · paid last 24h −0.037%
Price spread now: OKX against BloFin+0.048%93s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$640.636% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.048%, 7d avg −0.028%
=The price spread pays, funding is against you. OKX is 0.076% dearer against BloFin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.028%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.115% in total) that is about 4.6 days. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CBRS-USDT | 209.31 | 0.0328 | pay 0.0328% / 8h | 1h 05m | $146K | $70K | 20x |
| Short | OKX CBRS-USDT-SWAP | 209.41 | 0 | get 0.0000% / 8h | 1h 05m | $2.2M | $3.6M | 25x |
BloFin CBRS-USDT
OKX CBRS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.98
- Price spread: +0.048% → −0.028%
- $7.59
- Slippage, 4 orders
- −$41.55
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$124.94
- Costs to cover
- 0.636%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 68 min ago; OKX: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 68 min ago | 1.20 bp | 14.6 bp −$15 | 29.3 bp −$293 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.72 bp | 20.6 bp −$21 | 68.0 bp −$680 | doesn't fit | doesn't fit |
CBRS on 26 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0821% | 4h | 209.21 | −0.047% | $24K | $220K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0056% | 1h | 209.04 | −0.129% | $42.8M | $3.6M | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | −0.0008% | 1h | 208.44 | −0.416% | $114K | $114K | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.14 | −0.080% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.32 | +0.005% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAPshort | 0.0000% | 8h | 209.41 | +0.048% | $2.2M | $3.6M | 25x | |
| Gate CBRS_USDT | 0.0000% | 8h | 209.30 | −0.005% | $2.9M | $3.1M | 50x | as long as short |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.28 | −0.014% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.19 | −0.057% | $1K | $112K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.45 | +0.067% | $1K | $3.3M | 10x | as long as short |
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Coinbase International CBRS-PERP-INTX
Aster CBRSUSDT
Bybit CBRSUSDT
Gate CBRS_USDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 209.24 | −0.033% | $12K | $16K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.40 | +0.043% | $9K | $6K | 20x | as long as short |
| Vest CBRS-USD-PERP | +0.0019% | 1h | 209.05 | −0.124% | — | $94K | 10x | as long as short |
| QFEX CBRS-USD | +0.0027% | 1h | 209.25 | −0.029% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRS | +0.0032% | 1h | 209.37 | +0.029% | $93K | $907K | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.12 | −0.091% | $30K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.24 | −0.033% | $346K | $915K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.11 | −0.096% | $143K | $95K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.33 | +0.010% | $24K | $137K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.20 | −0.053% | $859 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.33 | +0.009% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0297% | 8h | 209.25 | −0.030% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDTlong | +0.0328% | 8h | 209.31 | long leg | $146K | $70K | 20x | |
| Binance CBRSUSDT | +0.0352% | 8h | 209.27 | −0.017% | $10.3M | $30.1M | 25x | as long as short |
| Extended CBRS_24_5-USD | +0.0352% | 1h | 209.24 | −0.034% | $43K | $246K | 10x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0494% | 8h | 209.35 | +0.018% | $630 | $229K | 10x | as long as short |
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
Vest CBRS-USD-PERP
QFEX CBRS-USD
Lighter CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
Binance CBRSUSDT
Extended CBRS_24_5-USD
GRVT CBRS_USDT_Perp